8.5 Qin Feng Evening Thoughts

The four-hour chart of Bitcoin shows that after the price rose to a key resistance level, it was clearly obstructed, with the candlestick repeatedly forming long upper shadows. The MACD indicator has shown a top divergence, with the red bars gradually shortening and momentum weakening. The market's bullish and bearish struggle is intense, and the bearish forces are gradually strengthening. Overall, the short-term probability of Bitcoin going down is quite high, with a bearish outlook on Bitcoin.

One can look to short around 115000-114500, with a target near 114000 #btc .